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OCIE Issues Alert on the Five Most Frequent Compliance Topics Identified in Examinations of Investment Advisers

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The SEC’s Office of Compliance Inspections and Examinations, or OCIE, has published a list of the five compliance topics most frequently identified in deficiency letters that are sent to SEC-registered investment advisers. Within each of these topics, OCIE includes a few examples of typical deficiencies to highlight the risks and... Read More

Topics: Investment Advisers, Private Equity

House Passes Creating Financial Prosperity for Businesses and Investors Act

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On Monday, the House of Representatives passed the Creating Financial Prosperity for Businesses and Investors Act (H.R. 6427) (the “Act”) by a vote of 398 to 2. The Act is actually a compilation of six measures that were previously considered and passed by the House in 2016, but that have... Read More

Topics: Broker-Dealer, Consumer Protection, Crowdfunding, Investment Advisers, Private Equity

SEC Updates Form ADV

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The SEC has adopted final rules requiring investment advisers to provide additional information on Form ADV and other matters. You can find our analysis on the proposed rules here. The final rules: require information about an investment adviser’s separately managed account business and other matters; incorporate a method for private... Read More

Topics: Investment Advisers, Private Equity

SEC Proposes Rule Requiring Investment Advisers to Adopt Business Continuity and Transition Plans

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In its third rulemaking in two days without holding a meeting, the SEC proposed a new rule that would require registered investment advisers to adopt and implement written business continuity and transition plans. The proposed rule is designed to ensure that investment advisers have plans in place to address operational... Read More

Topics: Investment Advisers, Private Equity